NOT LISTED FOR SALE

923 W 75th St Los Angeles, CA 90044

Vermont Knolls Neighborhood

Estimated Value: $973,000 - $1,639,000

15 Beds
11 Baths
7,209 Sq Ft
$171/Sq Ft Est. Value

Sale Details

Date Sold: March 17, 2017

Last sale price $1,110,000 $154 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,660 / mo

4 Days on Market

About This Home

As of March 2017

This offering consists of 2 adjacent buildings to be sold together totaling 11 units. A great opportunity to obtain a true cash flow property that has been owned and operated by the same owner for 25 years. Nice unit mix with a courtyard setting on a residential street. OWNER WANTS TO CARRY THE FIRST TD but would entertain offers with cash to new loan. Low rents with a very stable tenant base. Minutes away from Inglewood and the new Ram's stadium and other development.

Last Agent to Sell the Property

Christopher Marsocci

Goldcoast Commercial Group License #01095183 Listed on: 02/06/2017

Last Buyer's Agent

Alan Wachman

Miller & Desatnik Realty Co. License #01047592

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 0.26

Parking

  • 8 Car Attached Garage

Interior Spaces

  • 7,209 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 11 Bathrooms

Additional Features

  • 11,210 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 6020-005-026

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0.26 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 7209
  • Stories: 2
  • Year Built: 1929
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Total Bathrooms: 11.00
  • Price Per S Q F T: 151.89

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage Is Attached
  • Total Parking: 8

Utilities

  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 115758
  • Assessed Land Value: 164309
  • Assessor Parcel Number: 6020-005-026
  • Geocode Override: No
  • Lot Size Area: 11210

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 11.62
  • Number Of Units: 11
  • Rent Control: 100%
  • Type Of Units: Apartment

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2020
Sold by
Pi Properties No 157 Llc
Bought by
923 West 75Th Street Llc
Current Estimated Value
$1,229,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 6, 2017
Closed on
Mar 4, 2017
Sold by
Oronoz Joe and Oronoz Sarah
Bought by
Pi Properties #157 Llc
Seller's Agent
Christopher Marsocci
Goldcoast Commercial Group
Buyer's Agent
Alan Wachman
Miller & Desatnik Realty Co.
List Price
$1,095,000
Sold Price
$1,110,000
Premium/Discount to List
$15,000
1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.14%
Original Mortgage
$635,000
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2013
Sold by
Oronoz Joe and Oronoz Sarah
Bought by
Oronoz Joe and Oronoz Sarah

Purchase Details

Closed on
Nov 8, 1994
Sold by
Transamerica Financial Services
Bought by
Lamelas Ramon and Lamelas Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,432
Interest Rate
9.2%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
923 West 75Th Street Llc $1,629,000 Chicago Title Company
Pi Properties #157 Llc $1,110,000 Chicago Title Company
Oronoz Joe -- None Available
Lamelas Ramon $47,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 923 West 75Th Street Llc $920,000
Previous Owner Pi Properties #157 Llc $635,000
Previous Owner Lamelas Ramon $23,432
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2017 03/17/17 Sold $1,110,000 +1.4% $154 / Sq Ft
02/10/2017 02/10/17 Pending -- -- --
02/06/2017 02/06/17 For Sale $1,095,000 -- $152 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,458 $980,093 $623,377 $356,716
2024 $12,458 $960,876 $611,154 $349,722
2023 $11,128 $856,051 $599,171 $256,880
2022 $10,640 $839,267 $587,423 $251,844
2021 $10,499 $822,811 $575,905 $246,906
2020 $7,778 $578,358 $424,483 $153,875
2019 $7,495 $567,018 $416,160 $150,858
2018 $7,414 $555,900 $408,000 $147,900
2016 $4,007 $280,067 $164,309 $115,758
2015 $3,958 $275,861 $161,841 $114,020
2014 $4,005 $270,458 $158,671 $111,787
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Christopher Marsocci

    Goldcoast Commercial Group

    (310) 822-3281

    5 Total Sales

    Christopher Marsocci
    Section Image
  • Alan Wachman

    Buyer's Agent in 2017

    Alan Wachman

    Miller & Desatnik Realty Co.

    (310) 202-9166

    9 Total Sales

    Alan Wachman
    Section Image
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Map

Source: The MLS

MLS Number: 17-199838

The MLS

APN: 6020-005-026

California Los Angeles County Los Angeles 90044 Vermont Knolls

923 W 75th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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